Today’s hot real estate property: Dwarka

In the past couple of years, Dwarka’s real estate market has certainly been subjected to an example shift. Dwarka is witnessing a new flow in lifestyle living with high-rise apartments and planned townships coming up in the region. Apart from residential flats and apartments, the concept of mixed township is also conducting in Dwarka with many remarkable players busy developing restricted projects here.

In two years, the price of residential property in dwarka has doubled. One cannot get a better residential possession in less than Rs 70 lakh now. And what came as a gift in Dwarka is Metro, which has came out as a matter of big availability for the residents here. Before that, it was not easy for the residents to travel to work to far fled areas like CP and North Delhi.
Dwarka has total 29 sectors, of which, 23 are functional. And because of the Metro and underpass, residence of place rate in the city has reached to 40% as against 20%. It can also go up to 70-80% if the CBI clears all the colonies. There are so many people who are really interested in buying a residential property in Dwarka.

Within a few years, ISBT will also establish in Sector 23, Dwarka. Besides being closely connected to the airport, it provides added advantages such as well planned areas, wide roads, big marketplace and a better combination of many important places in the Capital City.
The most important growth in the city is a ten-acre fashion focal point, which is going to come up in the city among various others. Also, with the individuals having hunger for entertainment, in the coming future it is certainly going to become one of the most happening places in Dwarka.

On the whole, Dwarka definitely has a bright future as the government has planned its Phase II in terms of relocating some prime usage there.

As there is lacking of land in the rest of Delhi, Dwarka has become an only choice for real estate investment in the region. Sector no. 23 is almost developed and Sector 24, 25 and 26 are under construction, amongst the 29 sectors of Dwarka.
On the other side, the coming up of 32-lane Expressway has unusually linked Dwarka with Delhi, and the real estate values here have a positive impact of the growth.

Co-operative Housing in Dwarka

In Dwarka, Co-operative Group Housing Society (CGHS) made a big component of housing type. More than 350 CGHS have got the portion assigned of land out of which 75 per cent has been finished and another 25 per cent are in an advanced stage of completion. Amongst CGHS, over 70 per cent comprises 3BHK apartments and above while the others are studio apartments and 2BHK apartments, which are very few in count.

There are around 326 CGHS that are currently funtional and on an average 100 people stay in a society. If compared to other big colonies such as Rohini, Dwarka’s flats are much more costly. If you are going to purchase a normal and simple flat in Rohini costs around Rs 35 lakh while the similar one in Dwarka costs Rs 55 lakh.

As per a real estate broker, Mr. Jai Saini of Saini Estates, “Three-four years back, people who had invested in Dwarka would sell off a 2BHK apartment to take a 3BHK apartment in older colonies of West Delhi such as Janakpuri and Vikaspuri.”

William Hanna is a passionate writer. She writes on topic like New DDA flats, real estate agent in Dwarka etc for the website http://dwarkaapartment.com